Sane people don't need to be told, unfortunately a large percentage of the US population is insane. So insane in fact that even after they're told it won't matter, they'll just figure out someone else to blame.
They will put tariffs on where it hurts Republican states the most, 95% of the last lot of money collected in tariffs when bird brain was in power was spent of farming subsidies to negate the retaliatory tariffs. US farmers lost markets they had been building up for 50+ years overnight which will never come back
The simple fact that the US has traditionally pushed for the Dollar to be the world's reserve currency and held at a strong value against other currencies makes exporting harder. That is the main reason they have trade deficits.
"So you could export more raw goods and assemble them in the US." Thats exactly what Trump wants. So tarrifs work then? The other way around export countries cannot retaliate as much, as they all have surplusses.
In the example of Canada, we export raw materials to US manufacturers and import finished goods from the US. It’s easier for Canada to source finished goods elsewhere than for the US to source raw materials elsewhere.
Same, I met Elizabeth stark last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Elizabeth stark
A while ago, I felt like I was always too late to the party-by the time I heard about a coin, it had already peaked. Then I picked up The Bull Awakening by Taro Arimoto, and it gave me the tools to spot opportunities early. I’m finally making decisions with confidence instead of just guessing. This book is worth every minute.
This is a very expensive way of developing flagging industries. There was a time where the US would use technology and improved productivity to address competitiveness. The use of tariffs as a crutch that hurts consumers and US export opportunities, not to mention relationships with allies.
@@martycarpenter3829Our country was sold out by politicians and corporations. Of course this will cost us in the short term, but we will rebalance the global economy. Things will naturally grow where they grow the best, and not because of greed, and currency manipulation. The US is going to use our leverage to achieve this, and it may hurt some feelings in the process.
@timothykrause2327 Again tariffs are a very expensive tax and is a ham handed way to rebalance presumed trade imbalances. Redrafting current trade agreements is a much easier and effective way to go. As far as hurt feelings, as a Canadian we are good. What we dont appreciate is lies/ misinformation around how the US pays for our defense and the current trade deficit.
@@martycarpenter3829 Taxes from tariffs will be offset by cutting our wasted spending, and tax relief in other areas. But you’re correct, we should use them as a last resort to failed negotiations. And nothing trump said about Canada’s reliance on the US military support, or the trade deficit, was untrue. Trump has only suggested putting tariffs on Canada if they don’t help secure the border. It’s not an unreasonable expectation to make, and easily avoided from Canada’s end.
@@martycarpenter3829 And I’m probably more on your side than you know. I believe Canada has also been sold out, and I believe us citizens will be able to easily find common ground.
Cutting spending doesn't cut the deficit in the way you think it does. Every $1 the government spends has an economic multiplier, if for example the defence cuts have an economic multiplier of 0.8 you need to cut 10 trillion to save 2 You then have the problem of what do you do with all the unemployment you've created and the rapid shrinking of GDP will result in loosing the 2 trillion in reduced tax receipts.
@@SeanPan-it3jm For sure it’s going to be a battle with the military industrial complex. Personally I believe AI drones will end global conflict completely. They’ve already taken the war in Ukraine back to 1900’s trench warfare. In a few years they’ll be so advanced, they’ll make standing armies obsolete. The developed countries will need to ban AI drone warfare before everyone is able to make them in their garage. And since no one will trust the other to not make AI drones, everyone will need to ban standing armies as well. AI will end global conflict.
PRES TRUMP SHOULD START BY CANCELING THE ANNUAL USA DONATION OF $12,100,000 to GREENLAND, $23,141,764 to CANADA, $330,553,180 to MEXICO, & $23,340,930 to PANAMA.
Do we really need a finance professor to tell us that an import tax will raise the price of imports?
Sane people don't need to be told, unfortunately a large percentage of the US population is insane. So insane in fact that even after they're told it won't matter, they'll just figure out someone else to blame.
We dont but the rest of the world will love it.
Maybe you don't, but an incoming president (and his fan base) does.
@buddy1155 They do, but it won't matter. They'll let it happen anyways then just figure out someone else to blame.
The average American has a 6th Grade education. Simple words go a long way with maga. Complex words are incomprehensible to maga.
Tariffs only ever raise prices. Period. End of Line.
Every country should simply put 100% tariffs on all American goods and services.
This is definitely within their rights. But as a major importer, the US will crush them in a tariff war.
They will put tariffs on where it hurts Republican states the most, 95% of the last lot of money collected in tariffs when bird brain was in power was spent of farming subsidies to negate the retaliatory tariffs.
US farmers lost markets they had been building up for 50+ years overnight which will never come back
Then that hurts every country except the USA.
Bro, we don't need y'all. Yes it will hurt us some but it will hurt y'all guys incredibly
@@SlowhandGreg Apart from Texas red states don't make anything, do they?
So vice president Trump wants other NATO countries to spend more whilst simultaneously cutting down on trade from those countries through tariffs. .
Vice-president??
@@michaeldunham3385 Elon is running the show. That's corporate lobbying for ya. Blame Citizens United.
Not to mention threatening to take over by force a territory which has belonged to another NATO member for hundreds of years.
@danielhawthorn6639 yeah he does seem to have way too much influence, I suppose it's the closest thing he can do to become president
From the guy who bankrupted 6 companies and added 8 Trillion to the US national debt. Call me dubious.
More inflation will drive me out of this country because my budget can’t take it!
Trump’s administration loves the Star Wars prequels because they’re a how-to guide for overthrowing a republic.
His supporters will call this “fake news” like the trained seals they are.
We need to block him
The simple fact that the US has traditionally pushed for the Dollar to be the world's reserve currency and held at a strong value against other currencies makes exporting harder. That is the main reason they have trade deficits.
The EU has the most extraordinary level of tariffs, except on imports of Russian food. What is wrong with Europeans that they are such slow learners?
trumpf economics from trumpf university. Trust that idiotic theory at your own peril. Africa is not a country, professor.
If you are intelligent enough to read between the lines, he meant African Countries.
@@AnotherPointOfView944 Those who claim to be intelligent are always the less intelligent ones.
Just use your buying power and withhold money from these companies.
Yes but unfortunately people addicted to fast, cheap fashion and slaves to the: "Hurry, buy now" etc... propaganda.
"So you could export more raw goods and assemble them in the US." Thats exactly what Trump wants. So tarrifs work then? The other way around export countries cannot retaliate as much, as they all have surplusses.
Exactly you can't replace the consumer.
In the example of Canada, we export raw materials to US manufacturers and import finished goods from the US. It’s easier for Canada to source finished goods elsewhere than for the US to source raw materials elsewhere.
Made in US only until they send work offshore
Don't think the world is lining up to kiss don ring .. maybe Prof is the only in line😅
Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️
I'm 37 and have been looking for ways to be successful, please how??
Sure, the investment-advisor that guides me is..
Elizabeth stark
Same, I met Elizabeth stark last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Elizabeth stark
Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!
Its likely thatbsome tarrifs will be applied, then therevwill be counter tarrifs and later a negotiation. But any price increase means inflation
Thank goodness as consumer as we have choices. These companies that farmed out all their production overseas are going to be uncompetitive. 😂😂😂
A while ago, I felt like I was always too late to the party-by the time I heard about a coin, it had already peaked. Then I picked up The Bull Awakening by Taro Arimoto, and it gave me the tools to spot opportunities early. I’m finally making decisions with confidence instead of just guessing. This book is worth every minute.
Donald Trump would have never let this happen
😂😂😂
What? He is the cause of this.
tRump voter I take it?
@@Ulysses.S.Grant.For.The.Union.sarcasm
The Radio Times has been wrong on just about everything regarding Trump, you may as well keep going.
Blanket tariffs will be used for political leverage. Targeted tariffs will be used to lure back critical industries.
This is a very expensive way of developing flagging industries.
There was a time where the US would use technology and improved productivity to address competitiveness. The use of tariffs as a crutch that hurts consumers and US export opportunities, not to mention relationships with allies.
@@martycarpenter3829Our country was sold out by politicians and corporations. Of course this will cost us in the short term, but we will rebalance the global economy. Things will naturally grow where they grow the best, and not because of greed, and currency manipulation. The US is going to use our leverage to achieve this, and it may hurt some feelings in the process.
@timothykrause2327 Again tariffs are a very expensive tax and is a ham handed way to rebalance presumed trade imbalances. Redrafting current trade agreements is a much easier and effective way to go. As far as hurt feelings, as a Canadian we are good. What we dont appreciate is lies/ misinformation around how the US pays for our defense and the current trade deficit.
@@martycarpenter3829 Taxes from tariffs will be offset by cutting our wasted spending, and tax relief in other areas. But you’re correct, we should use them as a last resort to failed negotiations. And nothing trump said about Canada’s reliance on the US military support, or the trade deficit, was untrue. Trump has only suggested putting tariffs on Canada if they don’t help secure the border. It’s not an unreasonable expectation to make, and easily avoided from Canada’s end.
@@martycarpenter3829 And I’m probably more on your side than you know. I believe Canada has also been sold out, and I believe us citizens will be able to easily find common ground.
Musk have to cut 2 trillion. May I suggest 90% cut on defense spending?😂😅🎉😮
I see a 50% reduction for sure. 450 billion buys a lot of AI drones still.
@@timothykrause2327 50 or 90%, I don't see Musk can keep this job longer than 3 weeks. I will be all for MAGA should it happen.
Cutting spending doesn't cut the deficit in the way you think it does.
Every $1 the government spends has an economic multiplier, if for example the defence cuts have an economic multiplier of 0.8 you need to cut 10 trillion to save 2
You then have the problem of what do you do with all the unemployment you've created and the rapid shrinking of GDP will result in loosing the 2 trillion in reduced tax receipts.
@@SeanPan-it3jm For sure it’s going to be a battle with the military industrial complex. Personally I believe AI drones will end global conflict completely. They’ve already taken the war in Ukraine back to 1900’s trench warfare. In a few years they’ll be so advanced, they’ll make standing armies obsolete. The developed countries will need to ban AI drone warfare before everyone is able to make them in their garage. And since no one will trust the other to not make AI drones, everyone will need to ban standing armies as well. AI will end global conflict.
@@SeanPan-it3jmYT has made commenting difficult. I replied, but you may have to click from “top” to “newest” in order to see it.
PRES TRUMP SHOULD START BY CANCELING THE ANNUAL USA DONATION OF $12,100,000 to GREENLAND, $23,141,764 to CANADA, $330,553,180 to MEXICO, & $23,340,930 to PANAMA.
What $23B to Canada?
And stop the sale of firearms to Mexico that fuels the cartels drug-making to export to the US addicts.
@@bonniegettingthrumyday2866 what are you talking about?